NiCAN Plans CAD 4 Million Non-Brokered Private Placement

Bitget2026/10/19 13:01

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NiCAN plans a fully allocated, non-brokered private placement to raise approximately CAD 4 million.
The offering comprises 22,857,143 flow-through common shares priced at CAD 0.175 each.
Closing is expected around November 10, 2026, subject to regulatory approvals.
Proceeds will fund qualifying exploration expenditures at Manitoba mineral projects by December 31, 2027.
Michael Gentile intends to exercise warrants for approximately CAD 560,000 following closing to maintain his approximately 19.9% stake.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NiCan Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202610190900CANADANWCANADAPR_C0859) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NiCAN Plans CAD 4 Million Non-Brokered Private Placement

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